Creating competitive markets: the politics of regulatory reform

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Publisher:
Brookings Institution Press,
Pub. Date:
c2007.
Language:
English
Description

Promoting competition has been a leading theme of public policy over the past 30 years. In the United States, the movement began in the 1970s with efforts to rewrite the rules for aviation, trucking, and telecommunications. Since then, many other industries have come in for similar treatment, with banking, securities, agriculture, and energy heading the list. This trend is often described as "deregulation," but "market design" is a better term. Promoting competition is not just about removing legal controls and then getting out of the way. It also requires that policymakers consciously design new markets, often with significant rules and regulations to promote efficiency. In Creating Competitive Markets: The Politics and Economics of Regulatory Reform, leading experts from academia, government, and the private sector evaluate more than a dozen efforts at market design. The contributors to this volume analyze a broad range of sectors, including airlines, electricity, education, and pensions. They examine developments in Canada, the United Kingdom, and Japan, as well as the United States. In each case, the authors ask three critical questions: Can markets be designed? How significant are the impediments to competition found in different sectors? And how do the politics of market design shape the policies that result? Taken together, these chapters help explain why few recent cases of market design have proven to be as unambiguously successful or as relatively uncontroversial as the deregulation of trucking, airlines, and telecommunications. They also provide valuable lessons for future participants in the never-ending process of market construction and redesign. Rich in analysis and detail, Creating Competitive Markets is essential reading for anyone interested in regulatory politics and policy. Contributors include John Cioffi (University of California-Riverside), Darius Gaskins (Norbridge, Inc.), Jacob Hacker (Yale University), Udi Helman (Federal

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Contributors:
Washington, D.C. :Brookings Institution Press,c2007.
Landy, Marc Karnis.
Competition.
qBibliographies.
382.3 CREAT
ISBN:
9780815751168
9780815751151
081575115
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full_title creating competitive markets the politics of regulatory reform
author marc k landy martin a levin martin shapiro
grouping_category book
lastUpdate 2017-08-14 05:04:32AM

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auth_author2 Landy, Marc Karnis., Levin, Martin A., Shapiro, Martin M.
author2-role "Contributors from academia, government, and the private sector evaluate more than a dozen efforts at market design. Analyzing a broad range of sectors, including airlines, electricity, education, and pensions, authors ask critical questions about developments in Canada, the United Kingdom, and Japan, as well as the United States"--Provided by publisher., (OCoLC)76940064, -2- -07-06-2017 12:28, .b1306545204-04-1701-25-11, 081575115X (pbk. : alk. paper), 0815751168 (cloth : alk. paper), 382.3 CREAT, 382/.3, 5187065, 2006101031, 9780815751151 (pbk. : alk. paper), 9780815751168 (cloth : alk. paper), C0VIA, Competition., Creating competitive markets : the politics of market design /Marc K. Landy and Martin A. Levin --Why freer markets need more rules /Steven Vogel --Regulation in banking : a mechanism for forcing market solutions /Jonathan R. Macey --Revenge of the law? Securities litigation reform and Sarbanes-Oxley's structural regulation of corporate governance /John W. Cioffi --The politics of risk privatization in U.S. social policy /Jacob S. Hacker --The success and limits of deregulation in network industries : freight railroad and electricity /Darius Gaskins --Regulatory reform of the U.S. wholesale electricity markets /Richard O'Neill and Udi Helman --The perils of market making : the case of British pension reform /Alan M. Jacobs and Steven Teles --A market for knowledge? Competition in American education /Frederick M. Hess --Regulation, the market, and interest group cohesion : why airlines were not reregulated /Michael E. Levine --Reaching competititon despite reform : when technology trumps (de)regulation and the new "old" politics in tellecommunication reform /Andrew Rich --The day after market-oriented reform, or what happens when economists' reform ideas meet politics /Eric M. Patashnik --The political economy of deregulation in Canada /Edward Iacobucci, Michael Trebilcock, and Ralph A. Winter --Dishonest corporatism : who guards the guardians in an age of soft law and negotiated regulation?Martin Shapiro --Why deregulation succeeds or fails /Eugene Bardach --Concluding thoughts : how the whole is greater than the sum of its parts /Peter H. Schuck., Creating competitive markets :the politics of regulatory reform /Marc K. Landy, Martin A. Levin, Martin Shapiro, editors., DLCDLCBAKERBTCTADBIC#PYDXCPIXA, Deregulation., English qEnglish., HD3612.C74 2007, ITS62.1 20080305164608 mca 2483ITS62.1 20080305164608 mca 2483, Includes bibliographical references and index., Landy, Marc Karnis., Levin, Martin A., OCLC Holdings Updated 20110802, Shapiro, Martin M., Trade regulation., VIAC, Washington, D.C. :Brookings Institution Press,c2007., YDXCP2376478, YDXCP2376479, can01-25-11ma-, lcac, qBibliographies., qBook., xii, 368 p. :ill. ;23 cm.
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subject_facet Competition, Deregulation, Trade regulation
title_display Creating competitive markets : the politics of regulatory reform
title_full Creating competitive markets : the politics of regulatory reform / Marc K. Landy, Martin A. Levin, Martin Shapiro, editors
title_short Creating competitive markets :
title_sub the politics of regulatory reform